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Trump kicks off Saudi Arabia visit as business leaders join

  • On May 13, 2025, President Donald Trump kicked off his inaugural visit to the Middle East since taking office in January by attending a Saudi-US investment forum in Riyadh.
  • The forum aims to strengthen the 92-year Saudi-US partnership by exploring new investment opportunities amid a historic moment of renewed commitment.
  • Numerous business leaders including Elon Musk, Andy Jassy, Larry Fink, Kelly Ortberg, and Tim Sweeney attended, with the forum focusing on sectors like AI, energy, defense, and manufacturing.
  • Saudi Arabia pledged $600 billion in US investments over four years, with Amazon committing over $5.3 billion for AI data centers, while a $1.5 billion AI chip deal was made with startup Groq.
  • The event signals intensified Saudi-US economic ties and potential advances in technology and defense sectors, reflecting strategic partnership growth amid some concerns about human rights.
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Wort.lu broke the news in Luxembourg City, Luxembourg on Monday, May 12, 2025.
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